3379 Lexington Rd

Montgomery, AL 36106
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4 bd, 2 ba | 2,596 sqft | Built in 1935

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List Price
$189,700

Initial Investment

$49,199

Purchase Price

$179,500

Down Payment

25%

Rent

$1,630

Total Return

$51,970

Annualized Return

16.9%

Cap Rate

7.4%

Gross Yield

10.9%

Cash Flow

$2,726

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

06/30/2019

Lease End

09/30/2021

Property Type

Duplex

Lot Size

12,297

HOA

None

Flood Risk

Not Required

  • 3377 - Leased through 8/31/2023
  • Minimal estimated repair/immediate costs
  • Fresh interior/exterior paint and refinished hardwood floors
  • 3377-New AC unit with repaired gas furnace with 10 year transferable warranty
  • 3379-New HVAC with 10 year transferable warranty & all new ductwork
  • New roof

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$18,582

Expenses

-$4,698

Property Taxes

-$1,400

Loan Payments

-$9,759

Net Cash Flow

$2,726

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